EURO CRISIS : BANKS SQUABBLE WITH EU ON SIZE OF DEBT LOSSES

Banks Squabble With EU On Size of Debt Losses - Bloomberg: Banks Squabble With EU On Size of Debt Losses


"The financial companies, represented by the Institute of International Finance, proposed a loss of 40 percent on Greek debt, said one of the people, who declined to be identified because talks are confidential. The European Union is calling on investors to forfeit as much as 60 percent, making a compromise at 50 percent possible, the person said"